Subjects include: the last illness and death of Clementine's mother [Lady Blanche Hozier]; negotiations in Paris [France] over international war debts; work at Chartwell [Kent], including plans for a dairy; the death of 1st Lord Curzon; a trip to the theatre to see John Barrymore play Hamlet; a speech by David Lloyd George on foreign affairs, March 1925; an offer to rent Chartwell; visiting London Zoo; Stanley Baldwin's unexpectedly strong leadership of the Conservative Party; delaying work on Volume 3 [of "The World Crisis"]; a sketch of Churchill [as Chancellor of the Exchequer] by John Singer Sargent; support for Churchill's planned Budget from 1st Lord Beaverbrook [earlier Max Aitken] and Beaverbrook's annoyance with Baldwin; work on several articles; the progress of Mary Churchill [later Mary Soames]; Clementine's improving health; Churchill's respect for 1st Lord Birkenhead [earlier F E Smith].